If Julia deposits $2,000 (which she has until now kept in her closet as cash) in her savings account, then the M1 money supply will decrease

The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides ________

A) increases as the price of a bus ride falls B) decreases as the price of a bus ride falls C) is the same no matter what the price of a bus ride D) decreases as the price of a bus ride rises

Any point on the contract curve is Pareto efficient regardless of the initial endowment

Indicate whether the statement is true or false